Purpose and Activities of the Company Collaborate Future Ready CIC is a community interest company established to operate for the benefit of the community rather than to maximise profit for shareholders. During the reporting period the companys primary activities were delivering training and education to enhance employability options aimed at postgraduate students and those not in employment education or training. The company collaborated with universities and national governing bodies including UKSCA to support participants in increasing their awareness of options to use their skills and in developing their personal skills to succeed at interviews and job applications. The company also provided clarity in decision making around future employment options legal knowledge relating to contracts savings and financial support and entrepreneurship opportunities available to participants. The company also developed sustainable income streams to reinvest in community focused services. These activities are carried out on a commercial basis where appropriate but always with the overriding aim of benefiting the identified community or sector. Community Interest Test and Beneficiaries A reasonable person would consider that the activities of Collaborate Future Ready CIC are being carried out for the benefit of the community and therefore satisfy the community interest test. The principal beneficiaries during the year were young unemployed participants transitioning between education and their first financially sustainable employment. The company ensures that services are accessible and that any private benefit is incidental to community benefit. Any fees charged are set with regard to affordability and the need to fund further community activities and not with the purpose of maximising distributions to members. Asset Lock Use of Profits and Dividends Collaborate Future Ready CIC is subject to an asset lock ensuring that its assets and any surplus are used for the benefit of the community. During the year surplus funds were used to provide digital technology to support community communication and information dissemination and to fund marketing and advertising solutions accountancy services and contractual payments to individuals who contributed advice and support to the community. Asset transfers were limited to none during the year. Where applicable any future transfers will be made either at full market value or to asset locked bodies or for clear community benefit. No dividends were declared or paid to members during the year. Directors Remuneration and Stakeholder Engagement The company is managed by its directors who owe the general duties of company directors together with specific obligations to maintain the asset lock and ensure that the community interest test continues to be met. During the year the directors received no remuneration which the board considers reasonable and proportionate. The company engaged with stakeholders through community forums and advisory meetings and took their views into account when planning activities. No significant complaints or issues arose that threatened the community interest status of the company. The directors confirm that the company has complied with the community interest company regulations during the period.

No consultation with stakeholders

No remuneration was received

No transfer of assets other than for full consideration